• Provided under the EIB’s Economic Resilience Initiative Fund, the grant will enable the purchase of digital equipment for schools, supporting the Montenegro Education Programme.
• The project will promote digital education and skills development to enhance youth employability and digital transformation, leading to higher productivity.
• To date, EIB Global has invested €29 million in the Montenegrin education sector.

At a ceremony held today at the European Investment Bank (EIB Global) headquarters in Luxemburg, EIB Vice-President Robert de Groot and Montenegro’s Minister of Education, Science and Innovation Anđela Jakšić Stojanović have signed a grant agreement for €2 million. The funding is earmarked for the purchase of digital equipment for Montenegrin schools, to improve learning conditions and digital literacy among students and teachers.

Provided under the EIB’s donor-funded Economic Resilience Initiative Fund, the grant builds on previous investments by EIB Global in the Montenegro Education Programme to upgrade education infrastructure and services across the country. These include an €18 million EIB loan, an €11 million EU grant channelled through the Western Balkans Investment Framework, as well as a €2.5 million technical assistance grant under the Economic Resilience Initiative. The new digital equipment, coupled with teacher training and upskilling, is expected to promote the integration of digital tools in education and equitable access to digital learning resources for all pupils.

EIB Vice-President Robert de Groot, who is responsible for operations in Montenegro, said: “As a long-standing partner of the Montenegrin Ministry of Education, we are pleased to be part of this latest initiative and to further support digitalization in schools. The new ICT equipment funded by this grant will increase digital usage and skills, broaden access to learning, and improve the overall learning environment. It will enhance access to quality education, contribute to youth employability, and lead to a future-ready workforce that meets market demands.”

Minister of Education, Science, and Innovation of Montenegro Anđela Jakšić-Stojanović underlined that the acquisition of additional computer equipment creates a strong foundation for the digitalization of the educational process and enables young people to acquire the digital skills and competencies for the 21st century.

” This agreement marks a significant milestone in enhancing the Montenegrin education system, greatly contributing to better learning conditions and the advancement of our students. Education is one of the pillars of every society, and the continuous improvement of its quality should be a priority at all levels.”, Minister Jakšić-Stojanović said.

The grant will be used to purchase additional digital equipment for Montenegrin schools, including tablets, laptops, desktop computers, projectors and interactive whiteboards, as well as printers, scanners and servers. To date, EIB Global has invested €29 million in Montenegro’s education sector.

Background information

About the EIB and EIB Global

The EIB is the long-term financing institution of the European Union, owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. The EIB supports projects in four priority areas: infrastructure, innovation, climate and environment, and small and medium-sized enterprises (SMEs). EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. It aims to support €100 billion of investment by the end of 2027 – around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to local people, companies and institutions through its offices around the world.

About the Economic Resilience Initiative Fund

The Economic Resilience Initiative Fund, which backs this grant, was established by the EIB in 2017 to channel donors’ resources to impactful projects in the Southern Neighbourhood and Western Balkans to help meet the challenges posed by forced displacement and migration. The fund donors are Bulgaria, Croatia, Italy, Luxembourg, Lithuania, Slovakia, Slovenia, Poland and the United Kingdom.

About the EIB in Montenegro

About the EIB in the Western Balkans

The EIB is one of the leading international financiers in the Western Balkans. For detailed information on the EIB’s activities in this region, visit www.eib.org/en/publications/the-eib-in-the-western-balkans.